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There is inverse relation between price and demand for the product of a firm under:

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Question:

There is inverse relation between price and demand for the product of a firm under:

A.

Monopoly only

B.

Monopolistic competition only

C.

Both under monopoly and monopolistic competition

D.

Perfect competition only

Answer» c. Both under monopoly and monopolistic competition

Note: The above multiple-choice question is for all general and Competitive Exams in India.